World Statistics Day 2020
Today marks the World Statistics Day 2020 which is celebrated every five years by the UN and every year by the European Union. The aim is to promote and celebrate good statistic practices as well as to spread awareness of its importance. The UN has chosen “reliable data” as the theme of this year. As data is the most important aspect of statistics, the Day also coincides with the UN Virtual World Data Forum which brings together a wide range of subject matter experts from around the world to discuss statistics and data practices. We´ve signed up to learn more about what practices developing countries are deploying to complement and assist their small businesses to handle the COVID19 outbreak. Here are a couple of interesting seminars that are coming up tomorrow:
Balancing data use and data protection – Learning from African Experiences – starting at 14:30 (CET) on the 21 October 2020.
The Best Data Are Worthless If You Can’t Tell Their Story - starting at 16:00 (CET) on the 21 October 2020.
There are however many more presentations that you can register for free using the link above.
As previously mentioned in our blog posts, the importance of having access to reliable data is one of the most important aspects of using and acting on the basis of statistical or data-based conclusions. You can read more about this on our series on POS data for SMEs or in our post about Alternative Credit Scoring.
But where can you find good data to formulate an understanding of the world, certain phenomena or for a project that you wish to embark on? A number of principles should be sought after in order to determine a good source.
Originality: make sure you are dealing with data that comes from the original source, as this reduces the risk of it being tempered with or skewed to fit a certain narrative.
Comprehensive: make sure that the data provides the right context and not only focusing on a particular time-frame. An example would be to zoom in on data differences between certain days, which may portray a different picture compared to a longer trend.
Current: the data that you are using must be current and, as the world has changed a lot only over the past 9 months, most of the older data-sets are therefore no longer applicable to be used to discern future trends. This is particularly important after and during the global pandemic
Here are a number of interesting sources that we find useful when trying to understand global trends and developments: Financial Data
Google Public Data Explorer: Searchable large datasets on economic development worldwide.
SocialMention: Real-time social media data, for example which topics that currently are being discussed over the major social media networks.
Google Trends: Explore search data and trends which is similar to SocialMention but with a slightly more intuitive presentation and user experience.
UNData: A statistical database of all UN data.
Amazon Public Data Sets: A repository of large data sets relating to biology, chemistry, economics, etc., including the Human Genome Project.
We hope you enjoy exploring these data sources and wish you a Happy World Statistic Day 2020!